Powell reassures Wagner about the Fed's commitment to reducing prices.
03/07/2023
https://congress.gov...
the path of policy will depend entirely on incoming economic information and what that means for the outlook.
We've judged that the risk to higher inflation and unemployment has risen
the Fed would assess which goal – stable prices or maximum employment – is furthest away and prioritize achieving it.
monetary policy decisions would be based solely on careful, objective, and non-political analysis